Author: Geoff Weitzel
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Municipal Bond Credit Report: UnityPoint and Presbyterian Health eye union as sector strains persist
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Iowa-based UnityPoint Health and New Mexico-based Presbyterian Healthcare Services are exploring a merger that would create a system with $10 billion in revenues… Link to Story
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Municipal Bond Credit Report: Management revolving door troubles a Cape Cod town’s finances
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Unsteady leadership has challenged the financial stability of Wellfleet, Massachusetts, according to a state review of the town’s financial management that was recently made public… Link to Story
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Municipal Bond Credit Report: Trustee for Texas senior living bonds to fight bankruptcy exit plan
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A plan for the owner of a senior living community in Plano, Texas, to emerge from bankruptcy faces a creditor vote this month, a confirmation hearing in April, and opposition from the trustee for nearly $66.8 million of defaulted revenue bonds… Link to Story
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Municipal Bond Credit Report: Jerome Powell Says Fed Is Prepared to Speed Up Interest-Rate Rises
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chair Jerome Powell said strong and sustained economic activity to start this year could prompt central bank officials to accelerate interest-rate increases and will likely lead them to lift rates more than they expected to combat high inflation… Link to Story
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Municipal Bond Credit Report: New Threat to Town, School District Budgets: Rising Rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Rising interest rates are squeezing cash-strapped towns and school systems that use short-term borrowing to keep cash flowing while they wait for property tax dollars to come in… Link to Story
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Municipal Bond Credit Report: Bond refinancing for troubled Arizona sports venue is spurned
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Problems are piling up for the nonprofit developer of a massive Arizona participant sports venue as its plan to refinance defaulted bonds was rejected by bondholders… Link to Story
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Municipal Bond Credit Report: Chicago voters deny Mayor Lori Lightfoot a second term
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago voters will choose between Paul Vallas, a former city budget director and Chicago Public Schools chief, and Cook County Board Commissioner Brandon Johnson to replace Mayor Lori Lightfoot who lost her bid for a second term as the city’s upward fiscal momentum took a backseat to worries over crime… Link…
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Municipal Bond Credit Report: Illinois rainy-day legislation advances
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois’ budget and pension stabilization funds would receive automatic deposits when the state hits revenue growth and bill payment triggers under legislation that cleared a House committee this week… Link to Story
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Municipal Bond Credit Report: Struggles of two California hospitals reflect industry’s challenges
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The struggles of two public hospital districts in central California are emblematic of financial pressures facing the healthcare industry… Link to Story
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Municipal Bond Credit Report: Fare-dependent transit agencies face tougher recovery from pandemic
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Transit systems around the country have experienced a sputtering recovery from COVID-19, but the state of two large California agencies underscores how much the funding structure they had in place before the pandemic affects their fiscal recovery… Link to Story